Kaleidoscope Kids Childcare Center Inc
Kaleidoscope Kids Childcare Center Inc shows consistent operations but faces significant new liabilities in its latest filing.
EIN: 205466195 · West Union, IA · NTEE: B21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $736K |
| Total Expenses | $646K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $1.1M |
| Transparency Score | 75/100 |
Is Kaleidoscope Kids Childcare Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kaleidoscope Kids Childcare Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kaleidoscope Kids Childcare Center Inc
Kaleidoscope Kids Childcare Center Inc (EIN: 205466195) is a nonprofit organization based in West Union, IA, classified under NTEE code B21. The organization reported total revenue of $736K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kaleidoscope Kids Childcare Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kaleidoscope Kids Childcare Center Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $660K |
| Total Expenses | $646K |
| Surplus / Deficit | +$14K |
| Total Assets | $1.1M |
| Total Liabilities | $2K |
| Net Assets | $1.1M |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 21.2 months |
Financial Health Grade: A
In 2023, Kaleidoscope Kids Childcare Center Inc reported a surplus of $14K with revenue exceeding expenses, holds 21.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kaleidoscope Kids Childcare Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.3% | +4.3% | +0.2% |
| 2022 | -4.5% | +7.9% | -4.5% |
| 2021 | +36.6% | +23.4% | -4.2% |
| 2020 | +0.3% | -0.5% | +3.0% |
| 2019 | +7.6% | +4.5% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kaleidoscope Kids Childcare Center Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Kaleidoscope Kids Childcare Center Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available IRS 990 filings, indicating a volunteer-led executive structure or that compensation falls below reporting thresholds, which is highly efficient for an organization of its size with revenues around $600,000 annually.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kaleidoscope Kids Childcare Center Inc's IRS 990 filings:
- Significant increase in liabilities ($1,893,000) in the latest filing, exceeding total assets ($1,140,057).
- Potential negative net asset position due to high liabilities.
- Lack of detailed information on the nature of the substantial new liabilities.
Strengths
The following positive indicators were identified for Kaleidoscope Kids Childcare Center Inc:
- Consistent revenue generation generally covering expenses over the past decade.
- No reported officer compensation, indicating highly efficient administrative costs.
- Clear mission focus on childcare (NTEE B21).
- Stable asset base prior to the recent liability increase.
Frequently Asked Questions about Kaleidoscope Kids Childcare Center Inc
Is Kaleidoscope Kids Childcare Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kaleidoscope Kids Childcare Center Inc (EIN: 205466195) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Kaleidoscope Kids Childcare Center Inc spend its money?
Kaleidoscope Kids Childcare Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kaleidoscope Kids Childcare Center Inc tax-deductible?
Kaleidoscope Kids Childcare Center Inc is registered as a tax-exempt nonprofit (EIN: 205466195). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kaleidoscope Kids Childcare Center Inc CEO make?
Kaleidoscope Kids Childcare Center Inc's highest-compensated officer earns $600,000 annually. The organization reported $736K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kaleidoscope Kids Childcare Center Inc's spending goes to programs?
Kaleidoscope Kids Childcare Center Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kaleidoscope Kids Childcare Center Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Kaleidoscope Kids Childcare Center Inc is above average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kaleidoscope Kids Childcare Center Inc located?
Kaleidoscope Kids Childcare Center Inc is headquartered in West Union, Iowa and files with the IRS under EIN 205466195. It is classified under NTEE code B21.
How many years of IRS 990 filings does Kaleidoscope Kids Childcare Center Inc have?
Kaleidoscope Kids Childcare Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $736K in total revenue.
What caused the significant increase in liabilities to $1,893,000 in the 202308 filing?
The IRS 990 data shows a dramatic increase in liabilities from $15,954 in 202208 to $1,893,000 in 202308. This could be due to new debt, capital expenditures, or other financial obligations not detailed in the summary data, and it significantly exceeds the organization's assets of $1,140,057.
Is Kaleidoscope Kids Childcare Center Inc financially sustainable given its current liabilities?
The long-term financial sustainability is questionable given that liabilities ($1,893,000) now significantly outweigh assets ($1,140,057) in the latest filing. While revenues generally cover expenses, this debt burden could pose a significant challenge.
How does the organization manage without reported officer compensation?
The absence of reported officer compensation across all filings suggests that the organization is either entirely volunteer-run at the executive level or that any compensation paid to officers falls below the IRS reporting thresholds, indicating a highly cost-effective leadership structure.
What is the trend in the organization's net assets over time?
The organization's assets have generally been stable, ranging from $1.1 million to $1.4 million over the past decade. However, the substantial increase in liabilities in 202308 means that net assets (assets minus liabilities) have likely become negative, a significant shift from previous periods.
Filing History
IRS 990 filing history for Kaleidoscope Kids Childcare Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kaleidoscope Kids Childcare Center Inc's revenue has grown by 213.8%, moving from $210K to $660K. Total assets increased by 2252.1% over the same period, from $48K to $1.1M. Total functional expenses rose by 252.9%, from $183K to $646K. In its most recent filing year (2023), Kaleidoscope Kids Childcare Center Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $2K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $660K | $646K | $1.1M | $2K | — | View 990 |
| 2022 | $598K | $619K | $1.1M | $16K | — | View 990 |
| 2021 | $626K | $574K | $1.2M | $44K | — | View 990 |
| 2020 | $458K | $465K | $1.2M | $147K | — | View 990 |
| 2019 | $457K | $467K | $1.2M | $101K | — | View 990 |
| 2018 | $425K | $447K | $1.2M | $118K | — | View 990 |
| 2017 | $408K | $438K | $1.3M | $147K | — | View 990 |
| 2016 | $443K | $445K | $1.3M | $171K | — | View 990 |
| 2015 | $378K | $392K | $1.4M | $245K | — | View 990 |
| 2014 | $295K | $281K | $554K | $435K | — | View 990 |
| 2013 | $246K | $232K | $321K | $5K | — | View 990 |
| 2012 | $235K | $230K | $41K | $19K | — | View 990 |
| 2011 | $210K | $183K | $48K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $660K, expenses of $646K, and assets of $1.1M (revenue +10.3% year-over-year).
- 2022: Revenue of $598K, expenses of $619K, and assets of $1.1M (revenue -4.5% year-over-year).
- 2021: Revenue of $626K, expenses of $574K, and assets of $1.2M (revenue +36.6% year-over-year).
- 2020: Revenue of $458K, expenses of $465K, and assets of $1.2M (revenue +0.3% year-over-year).
- 2019: Revenue of $457K, expenses of $467K, and assets of $1.2M (revenue +7.6% year-over-year).
- 2018: Revenue of $425K, expenses of $447K, and assets of $1.2M (revenue +4.2% year-over-year).
- 2017: Revenue of $408K, expenses of $438K, and assets of $1.3M (revenue -8.0% year-over-year).
- 2016: Revenue of $443K, expenses of $445K, and assets of $1.3M (revenue +17.3% year-over-year).
- 2015: Revenue of $378K, expenses of $392K, and assets of $1.4M (revenue +28.2% year-over-year).
- 2014: Revenue of $295K, expenses of $281K, and assets of $554K (revenue +20.0% year-over-year).
- 2013: Revenue of $246K, expenses of $232K, and assets of $321K (revenue +4.3% year-over-year).
- 2012: Revenue of $235K, expenses of $230K, and assets of $41K (revenue +12.0% year-over-year).
- 2011: Revenue of $210K, expenses of $183K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kaleidoscope Kids Childcare Center Inc:
Data Sources and Methodology
This transparency report for Kaleidoscope Kids Childcare Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.